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Cuba Trade Summary

2020

Cuba exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR CUBA 2020

Overall Exports and Imports for Cuba 2020

Exports and imports of Cuba in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,703 million.
  • The total value of imports (CIF) was 7,230 million.
  • At the HS6 digit level, 565 products were exported to 111 countries and 3,397 products were imported from 131 countries.

Cuba top 5 Export and Import partners 2020

Top five countries to which Cuba exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Cuba exports to Canada worth US$ 460 million, with a partner share of 27.02 percent.
  2. Cuba exports to China worth US$ 372 million, with a partner share of 21.83 percent.
  3. Cuba exports to Netherlands worth US$ 196 million, with a partner share of 11.52 percent.
  4. Cuba exports to Spain worth US$ 144 million, with a partner share of 8.44 percent.
  5. Cuba exports to Venezuela worth US$ 124 million, with a partner share of 7.27 percent.

Top five countries from which Cuba imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Cuba imports from Venezuela worth US$ 1,062 million, with a partner share of 14.69 percent.
  2. Cuba imports from China worth US$ 963 million, with a partner share of 13.32 percent.
  3. Cuba imports from Spain worth US$ 844 million, with a partner share of 11.67 percent.
  4. Cuba imports from Argentina worth US$ 404 million, with a partner share of 5.59 percent.
  5. Cuba imports from Mexico worth US$ 324 million, with a partner share of 4.48 percent.

Cuba Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Cuba along with trade value are:

  1. Cuba exported Nickel oxide sinters and other intermediate pro , worth 615,391.04 (US$ Thousands).
  2. Cuba exported Cigars, cheroots and cigarillos containing toba , worth 226,688.79 (US$ Thousands).
  3. Cuba exported Raw cane sugar, in solid form , worth 166,433.76 (US$ Thousands).
  4. Cuba exported Petroleum oils, etc, (excl. crude); preparation , worth 165,111.72 (US$ Thousands).
  5. Cuba exported Rum and tafia , worth 89,787.86 (US$ Thousands).

The top five imported HS 6 digit level products from world by Cuba along with trade value are

  1. Cuba imported Petroleum oils, etc, (excl. crude); preparation , worth 966,911.54 (US$ Thousands).
  2. Cuba imported Petroleum oils and oils obtained from bituminou , worth 566,747.62 (US$ Thousands).
  3. Cuba imported Frozen cuts and offal of chicken (excl. livers) , worth 296,519.71 (US$ Thousands).
  4. Cuba imported Maize (excl. seed) , worth 171,210.05 (US$ Thousands).
  5. Cuba imported Spelt, common wheat and meslin , worth 164,611.06 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Cuba in 2020 are below

  • The maximum rate of tariff in percentage on any product was 30 percent.
  • The simple average tariff across all products was 10.60 percent.
  • The trade weighted average tariff was 8.83 .
  • The total duty free imports in thousands of US dollars were 610,492.11 and duty free tariff line items share was 7.99 percent.

Development Indicators 2020

Key Development Indicators of Cuba in 2020 are below

  • Cuba GDP in current US dollar was 107,352 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Cuba Trade balance: as % of GDP was 0.65.
  • Trade balance in current US$ was 702.00 million.
  • Trade as percentage of GDP was 15.68 .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2020

Trade Indicators for Cuba in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.15.
  • Index of export market penetration was 1.69.
  • World Growth in percentage was -3.83 and Cuba Country Growth was -0.61 .